Hi guys,
What does it mean when a case question asks "What is the most important driver to realize the target?"
Does realizing the target means to identify the target market? If so, what is the most important driver to help a firm realize their target market? I've considered demographics, however, would demographics be considered a driver to identify the target market?
The case revolves around a new company that has a sustainability focus.
(edited)
Hi!
This is a typical brainstorming question. Brainstorming questions in MBB interviews are essentially exercises in top-down thinking.
This is also true for non-profit situations. E.g.:
"How to improve the education system in country XYZ?"
Cheers, Sidi
Hey there,
No I don't think that is what it means. The target is not necessarily equal to identifying target market. You should first understand what the objective of the case is, and whether there is a certain level or numer against which the objective can be considered as achieved or not. E.g. The objective can be to increase sales revenue; the target is $5 Billion a year in revenue; realizing the target means achieving the $5 Bn/year target; and to find out what is the most importan driver, you need to break down the revenue drivers first and then determine which one is key.
Hope it helps,
Emily
Hello!
What I understand from what you are saying is related to "looking at the problem putting on the client´s glasses".
It´s a much wider concept than target markets.
It basically means that you always need to clarify what is success for the client, in order to target the case as good as possible from the beggining.
For this, is useful also to clarify whether they have some KPIs that are key for them (e.g., we want to break even in 2 years time)
Hope it helps!
Cheers,
Clara
Hi there,
the target of the client is the final objective to achieve. Assuming you know the target, the most relevant driver is the most relevant variable that can help to reach that goal.
For example, if the goal of the client is to increase revenues, you could analyze the components that constitute the revenues (ie the price and the volume, with the volume defined as number of customers and amount per customers) and identify the most relevant one in that situation to achieve the goal of the client (eg number of customers).
Best,
Francesco
Hello,
In order to answer an open question like this, a good idea could be to have a structured approach like the following:
Generally speaking is always a good idea to structure your reasonings and answers in a "slide format". Having such a structured approach will impress your interviewer and will make it really easy for you to justidy your answers.
Best,
Luca
Hi, it depends on the problem. It really important to quantify the target. Then you can ask for a minute, think about every kpi involved in the case and understand what is the most important and why
Best
Antonello
